Western Asset Bond ETF (NASDAQ:WABF) Trading Down 0.2% – Should You Sell?

Western Asset Bond ETF (NASDAQ:WABF) shares traded down 0.2% on Friday . The company traded as low as $24.89 and last traded at $24.81. 120 shares were traded during trading, a decline of 93% from the average session volume of 1,710 shares. The stock had previously closed at $24.87.

Western Asset Bond ETF Trading Up 0.1%

The company has a 50-day moving average price of $25.12 and a 200-day moving average price of $25.35.

Western Asset Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WABF. Landmark Wealth Management LLC increased its holdings in shares of Western Asset Bond ETF by 6.3% during the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock valued at $3,703,000 after purchasing an additional 8,612 shares during the period. Encompass More Asset Management lifted its holdings in Western Asset Bond ETF by 2.4% in the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,207 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Western Asset Bond ETF by 50.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after buying an additional 524 shares in the last quarter.

About Western Asset Bond ETF

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.